Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

WORDSWORTH TRANSCRIPTS LIMITED - Company Information

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WORDSWORTH TRANSCRIPTS LIMITED

Company Registration Number:
04691565 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

WORDSWORTH TRANSCRIPTS LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 631
Total fixed assets: 0 631
Current assets
Debtors: 3 5,733 3,744
Cash at bank and in hand: 6,688 1,549
Total current assets: 12,421 5,293
Creditors: amounts falling due within one year: 4 ( 20,333 ) ( 12,017 )
Net current assets (liabilities): ( 7,912 ) ( 6,724 )
Total assets less current liabilities: ( 7,912 ) ( 6,093 )
Total net assets (liabilities): ( 7,912 ) ( 6,093 )

The notes form part of these financial statements

WORDSWORTH TRANSCRIPTS LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 100 100
Profit and loss account: ( 8,012 ) ( 6,193 )
Shareholders funds: ( 7,912 ) ( 6,093 )

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 25 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: P V ELLIS
Status: Director

The notes form part of these financial statements

WORDSWORTH TRANSCRIPTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    THE FINANCIAL STATEMENTS HAVE BEEN PREPARED UNDER THE HISTORICAL COST CONVENTION AND IN ACCORDANCE WITH THE FINANCIAL REPORTING STANDARD FOR SMALLER ENTITIES.

    Turnover policy

    THE TURNOVER SHOWN IN THE PROFIT AND LOSS ACCOUNT REPRESENTS REVENUE EARNED DURING THE PERIOD, EXCLUSIVE OF VAT.

    Tangible fixed assets depreciation policy

    DEPRECIATION IS PROVIDED, AFTER TAKING ACCOUNT OF ANY GRANTS RECEIVABLE, AT THE FOLLOWING ANNUAL RATES IN ORDER TO WRITE OFF EACH ASSET OVER ITS ESTIMATED USEFUL LIFE:
    PLANT & EQUIPMENT - 20% ON COST

    Intangible fixed assets amortisation policy

    INTANGIBLE FIXED ASSETS (INCLUDING PURCHASED GOODWILL AND PATENTS) ARE AMORTISED AT RATES CALCULATED TO WRITE OFF THE ASSETS ON A STRAIGHT BASIS OVER THEIR ESTIMATED USEFUL ECONOMIC LIVES, NOT TO EXCEED TWENTY YEARS. IMPAIRMENT OF INTANGIBLE ASSETS IS ONLY REVIEWED WHERE CIRCUMSTANCES INDICATE THAT THE CARRYING VALUE OF AN ASSET MAY NOT BE FULLY RECOVERABLE.

    Valuation information and policy

    STOCKS AND WORK IN PROGRESS ARE VALUED AT THE LOWER OF COST AND NET REALISABLE VALUE, AFTER MAKING DUE ALLOWANCE FOR OBSOLETE AND SLOW MOVING ITEMS. COST INCLUDES ALL DIRECT EXPENDITURE AND AN APPROPRIATE PROPORTION OF FIXED AND VARIABLE OVERHEADS.

WORDSWORTH TRANSCRIPTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 22,365
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 22,365
    Depreciation
    01 April 2015: 21,734
    Charge for year: 631
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 22,365
    Net book value
    31 March 2016: 0
    31 March 2015: 631

WORDSWORTH TRANSCRIPTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Trade debtors: 5,699 3,699
    Prepayments and accrued income: 34 45
    Total: 5,733 3,744

WORDSWORTH TRANSCRIPTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Taxation and social security: 76 61
    Accruals and deferred income: 975 663
    Other creditors: 19,282 11,293
    Total: 20,333 12,017

WORDSWORTH TRANSCRIPTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

WORDSWORTH TRANSCRIPTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 6. Transactions with directors

    Name of director receiving advance or credit P V ELLIS
    Description of the transaction DIRECTORS CURRENT ACCOUNT
    Balance at 01 April 2015 11,293
    Advances or credits made 7,989
    Balance at 31 March 2016 19,282

    THE COMPANY WAS INDEBTED TO THE DIRECTOR, P V ELLIS £19,282 AT 31ST MARCH 2016.